[Adder]

It is worthless compared to ours since ours is the default standard whether others are tied to it or not. Its been our salvation thus far: if not ours, whose?

China is working real hard to make their yuan the world standard. When and if that happens ours is subject to the same pressures.

[Robert DeLong]

Exactly, but inflation will still impact our buying power, because it weakens our fiat money. Coupled with reduced production by citizens of this country, and out of control spending, other countries start questioning if our fiat currency is still sound or becoming worthless. China would be the logical country other countries would gravitate to, because they are the real competitors to this country.

You are correct, without our currency being the world's currency, it will all go south very fast if the world stopped depending on America for having sound currency.